Now is a great time to start saving for your child’s future!

As a parent, saving money can seem hard. You’re bombarded with a big list of costs: from clothing and groceries, to school trips, sports equipment, swimming and dance lessons, it’s an endless list. These costs can make saving towards post-secondary education look challenging.
 
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Financial Planning

Post-secondary education today will help Canadian graduates build a better tomorrow

Every parent wishes success for their child, in their career, their relationships and throughout life. As you prepare your child for the world out there, know that there is something invaluable you are doing to ensure their success. You are giving them them access to the higher education, something they’ll need to survive in an everchanging job market!

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Valuable government grants are available for your child's education

Did you know that opening an RESP gives you access to money from the government? It's true. Many families miss out on the valuable contributions that are available to boost their child's education savings. 

The Canadian Education Savings Grant (CESG) from the federal government will match 20% of your contributions to your RESP, up of $500 a year. The CESG entitlement can add up to $7,200 per child. That's over $7,000 in money for your child's post-secondary education.

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What is an RESP?

A Registered Education Savings Plan (RESP) is a dedicated savings plan for parents, guardians, or other contributors who want to save money for a child's post-secondary education. An RESP is a financial tool that helps the money you set aside grow  tax-free in the plan and gives you access to government grants. More importantly, this tool empowers your child to follow their dreams and passions without worrying about financial debt!

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Zion Lee (Kenneth Carter Award) on the advantages of universal access to healthcare

CST Graduate Award winner Zion Lee

Zion approaches his future with equal parts excitement and humour. He acknowledges outright that his parents are quite surprised with the way he turned out. He was a rebellious teenager and his parents, immigrants from Hong Kong, considered him an unlikely candidate for university. However, Zion credits the support of his parents and his brother for the success he has found now that he has chosen to apply his talents to an academic career.  This support has come with considerable sacrifice since Zion describes his family as low income.

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graduate awards

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